LME base metals rise as markets shake off initial Omicron Covid-19 variant concerns

But, most of the Shanghai Futures Exchange metal prices were weaker as they reacted to last Friday's losses on the LME, where prices closed down by an average of 3.1%. •Asia-Pacific equities were weaker in response to last Friday's losses in Western equities. •But pre-market equity index futures for major Western markets were rebounding on Monday morning. Base metals The three-month base metals prices on the LME were up between 0.64% for lead ($2,290.50 per tonne) and 1.58% for aluminium ($2,633 per tonne), while copper prices were up by 1.42%, at $9,579 per tonne. The most-traded base metals contracts...